Cathay Pacific expects up to $576 mln first-half profit as demand rebounds
Excerpt
July 14 (Reuters) - Hong Kong's Cathay Pacific Airways 0293.HK on Friday said it expects to record half-year profit attributable up to HK$4.5 billion ($575.85 million) compared with a loss of HK$5.0 billion last year.
It would be Cathay Pacific's first half-year profit in three years buoyed by a strong rebound in travel demand, an increase in group capacity and a one-off gain from a stake sale in Air China.
The city's flagship carrier expects consolidated profit attributable to shareholders between HK$4 billion and HK$4.5 billion.
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